what is that business ?

Business is an activity of an organization that is selling goods to consumers or other organizations to benefit from business money has been done . Etymologically, mean business circumstances where a person or a group of people busy doing jobs that generate profits

he basis of a whole range of different kinds of forms of ownership of a business :

Ø  Individual proprietorship enterprises: is business ownership are held by one person. Individual company owners have unlimited liability on company property.

Ø  Partnership: A partnership is a business owned by two or more people. In most forms of partnerships, each partner has unlimited liability for the debts incurred by the business. The three typical classifications of for-profit partnerships are general partnerships, limited partnerships, and limited liability partnerships.

Ø  Corporation: A corporation is a limited liability business that has a separate legal personality from its members. Corporations can be either government-owned or privately-owned, and corporations can organize either for-profit or not-for-profit. A privately-owned, for-profit corporation is owned by shareholders who elect a board of directors to direct the corporation and hire its managerial staff. A privately-owned, for-profit corporation can be either privately held or publicly held.

Ø  Cooperative: Often referred to as a "co-op", a cooperative is a limited liability business that can organize for-profit or not-for-profit. A cooperative differs from a for-profit corporation in that it has members, as opposed to shareholders, who share decision-making authority. Cooperatives are typically classified as either consumer cooperatives or worker cooperatives. Cooperatives are fundamental to the ideology of economic democracy.

Source

From Wikipedia n a book of the economy senior high school